Liberty Shoes reports Q2 results

Liberty Shoes reports Q2 results

17 November 2021, Mumbai:

For the second quarter, Liberty Shoes’ revenue rose 15 percent. The footwear major managed to narrow its net loss during the second quarter. This was possible with strong sales ahead of the festive season.

Liberty expects to have a strong third quarter on the back of festive and wedding season sales. With the lifting of restrictions on Covid across the country, Liberty stores are fully operational with increased footfalls resulting in higher revenue over the last few months and it expects the trend to continue in the coming quarters.

Liberty Shoes currently has a total of over 400 flagship stores across India and is present in over 5,000 multi-brand outlets. It also retails from its e-commerce store. Liberty Shoes’ total income was Rs 168.25 crores during the period ended June 30, 2019, as compared to Rs 143.99 crores during the period ended March 31, 2019.

Net profit was Rs 2.36 crores for the period ended June 30, 2019, as against Rs 1.34 crores for the period ended March 31, 2019. EPS was Rs 1.39 for the period ended June 30, 2019, as compared to Rs 0.79 for the period ended March 31, 2019.

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